LOS ANGELES--(EON: Enhanced Online News)--Ares Management, L.P. (NYSE:ARES) today announced the launch of a
secondary public offering of its common units representing limited
partnership interests. A strategic investor of Ares (the “Selling
Unitholder”) is offering for sale to the public approximately 7,500,000
common units. The Selling Unitholder expects to grant to the
underwriters of the offering an option to purchase up to approximately
1,125,000 additional common units. None of Ares, its officers, directors
or employees are offering any common units in this transaction; neither
Ares nor any of its officers, directors or employees will receive any
proceeds from the sale of the common units by the Selling Unitholder.

In connection with the offering, Ares and its directors and executive
officers (including its co-founders) and the Selling Unitholder have
each agreed to enter into a customary lock-up agreement with the
underwriters for the offering.

The offering may be made only by means of a prospectus supplement and
accompanying prospectus. To obtain a copy of the preliminary prospectus
supplement and related base prospectus for this offering, please contact
(a) Wells Fargo Securities, Attention: Equity Syndicate Department, 375
Park Avenue, New York, New York, 10152, at (800) 326-5897 or email a
request to cmclientsupport@wellsfargo.com,
(b) BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus
Department, or e-mail: dg.prospectus_requests@baml.com
(c) Morgan Stanley & Co. LLC, 180 Varick Street, Second Floor, New York,
New York 10014, Attn: Prospectus Department, (d) UBS Securities LLC,
Attention: Prospectus Department, 1285 Avenue of the Americas, New York,
New York, 10019 or by calling 1-888-827-7275 or (e) Goldman, Sachs &
Co., Prospectus Department, 200 West Street, New York, New York 10282,
telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.

This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor does it constitute
an offer, solicitation or sale of these securities in any jurisdiction
in which such offer, solicitation or sale is unlawful. A registration
statement on Form S-3 relating
to these securities has been filed with the Securities and Exchange
Commission and has become effective.

About Ares Management, L.P.

Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $99 billion of assets under management
as of December 31, 2016, including approximately $3.6 billion of AUM pro
forma for Ares Capital Corporation’s acquisition of American Capital,
Ltd., which closed on January 3, 2017, and more than 15 offices in the
United States, Europe and Asia. Since its inception in 1997, Ares has
adhered to a disciplined investment philosophy that focuses on
delivering strong risk-adjusted investment returns throughout market
cycles. Ares believes each of its three distinct but complementary
investment groups in Credit, Private Equity and Real Estate is a market
leader based on assets under management and investment performance. Ares
was built upon the fundamental principle that each group benefits from
being part of the greater whole.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or our future performance or
financial condition. These statements are not guarantees of future
performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including
those described from time to time in Ares’ filings with the Securities
and Exchange Commission. Ares Management, L.P. undertakes no duty to
update any forward-looking statements made herein.

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